World Grain - September 2011 - 14

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Sodrugestvo acquires Lider Armazens Gerais
LUXEMBOURG and NEW YORK, NEW YORK, U.S. — Sodrugestvo Group announced on Aug. 9 that it has acquired Lider Armazens Gerais S.A. Lider, the largest Brazilian private company engaged in the storage and transshipment of grain, owns 15 warehouses located in Brazil’s fastest growing agricultural regions. All warehouses are leased to leading agricultural companies, including Sodrugestvo, through exclusive long-term agreements. Lider also owns and operates two transshipment terminals in Minas Gerais and Tocantins for Vale S.A., a Brazilian diversiﬁed mining multinational corporation and one of the largest logistics operators in Brazil. “The acquisition of Lider allows us to increase our static storage capacity from the existing 600,000 tonnes to almost 900,000 tonnes in the states of Sao Paulo, Minas Gerais and Goias,” Sodrugestvo said. “This capacity increase will allow us to provide an even better service to Brazilian agricultural operators in these key regions. We will also continue to invest heavily, in coordination with Vale, to make sure that our new transshipment facilities offer the best possible value to all market participants, while the ever-increasing crops create more and more challenges to bring grains to ports.” Sodrugestvo was advised by Machado Meyer for the transaction. The acquisition was entirely ﬁnanced by Sodrugestvo’s own fund, without recourse to debt. The Lider operation will be integrated into Carol-Sodru S.A., the joint-venture between Sodrugestvo and CAROL, which already operates 14 silos in the states of Sao Paulo, Goias and Minas Gerais.

ADM makes organizational changes
DECATUR, ILLINOIS, U.S. — Three individuals have been named to new positions at Archer Daniels Midland Co. (ADM), reporting to Juan R. Luciano, chief operating ofﬁcer, the company announced on Aug. 11. Craig Huss has been named chief risk ofﬁcer with responsibility for managing ADM’s aggregate commodity risk. He also will lead companywide productivity and cost-management efforts, and chair ADM’s risk management committee. Since joining ADM in 1976, Huss has held various management positions in origination, merchandising and transportation. Most recently, he was president of agricultural services. Succeeding Huss as president of agricultural services is Joseph Taets, who also was named senior vice-president of ADM. Taets will lead the company’s agricultural services business unit, Huss with responsibility for commercial activities and operations. He also joins the company’s strategic planning committee. Most recently, he was president of ADM’s grain group, with responsibility for the company’s domestic and export grain businesses, grain merchandising operations, destination marketing business and ocean freight and vessel operations. He joined ADM in 1988. Domingo Lastra has been named vice-president of business growth, where he will focus on Lastra expanding ADM’s acquisition pipeline to drive earnings growth, enhancing marketing capabilities to drive valueadded business growth, and managing the company’s portfolio to deliver shareholder returns. He also will be involved in enhancing ADM’s project evaluation and capital allocation processes. Lastra joined ADM in 1994 and was previously president of ADM South America, based in São Paulo, Brazil. He will relocate to the company’s headquarters in Decatur.

For more information, see Page 110.

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World Grain - September 2011

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